Lydia Percia, CED’s Senior Vice President, shared great news in January 2019 about Continental Medical Center’s primary tenant, RadNet. The diagnostic imaging clinic chose to sign a new lease for an additional (6) year term. Moreover, this news came after the end of their previous (7) year lease at CMP. Lydia believes the location is a key component of why the company decided to renew its lease. In addition, the renewal further demonstrates CMP’s strategic location to Rancho Springs Medical Center, Loma
Linda University Health – Murrieta, and Inland Valley Medical Center – Wildomar.
The company’s long-term lease provides a positive increased market valuation of the building. The continued success of our long-standing business relationship with RadNet expects to open the door for other new potential builds to suit clinics. Moreover, we envision CED owning and RadNet master leasing these new suit clinics.
Lastly, to learn more about what’s going on at Continental Medical Plaza visit Continental East Fund IV, LLC.